explain the 'wealth' definition of economics (of 3 marks)
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Wealth measures the value of all the assets of worth owned by a person, community, company, or country. ... Essentially, wealth is the accumulation of scarce resources. Specific people, organizations, and nations are said to be wealthy when they are able to accumulate many valuable resources or goods.
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Wealth is a great amount of money, property, possessions or ideas. An example of wealth is the money, property and business ventures of Donald Trump.
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wealth
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Goods and resources having value in terms of exchange or use: the agricultural wealth of the region.
A great amount; a profusion: a wealth of advice.
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